UK plunges into worst recession on record – after impact of Coronavirus

The UK has been plunged into the deepest recession on record. It’s the worst performance of any G7 nation during the pandemic, as GDP shrank by more than 20 per cent in the three months till June. (Subscribe: https://bit.ly/C4_News_Subscribe) The chancellor, Rishi Sunak, said “hard times are here” – warning that many more people would … Read more UK plunges into worst recession on record – after impact of Coronavirus

Wages growth slows, consumer confidence plummets amid coronavirus outbreak | Finance Report

Wages growth in Australia has fallen to its lowest ever level. Both the local share market and the Australian dollar fell today as well. Alan Kohler has today’s finance report. Read more here: https://www.abc.net.au/news/business/ For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us … Read more Wages growth slows, consumer confidence plummets amid coronavirus outbreak | Finance Report

Governments are spending up big on infrastructure projects | 7.30

The COVID-19 pandemic has pushed the economy into the most sudden and deep recession in a century. In response, governments are spending up big on infrastructure projects, hoping to spur on growth and keep workers in jobs. But will they prove good value for money? Read more here: https://www.abc.net.au/news/2020-08-11/can-infrastructure-deliver-economic-boost-coronavirus-recession/12544726 For more from ABC News, click … Read more Governments are spending up big on infrastructure projects | 7.30

Nasdaq snaps 7-day winning streak

The Nasdaq closed lower on Friday, as data showed a sharp slowdown in U.S. employment growth and investors worried lawmakers would fail to agree on another fiscal stimulus bill to bolster the economy from a coronavirus-induced recession. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our … Read more Nasdaq snaps 7-day winning streak

U.S. hiring binge slows sharply in July

U.S. employment growth slowed considerably in July. The slowdown offered the clearest evidence yet that the economy’s recovery form the recession caused by the pandemic was faltering. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest … Read more U.S. hiring binge slows sharply in July

RBA lowers medium-term outlook and warns unemployment could stay high for years | Finance Report

Victoria’s COVID-19 crisis has seen the Reserve Bank issue gloomier forecasts for economic growth and unemployment. Phillip Lasker has today’s finance report. Read more here: https://www.abc.net.au/news/2020-08-07/asx-wall-street-nasdaq-gold-silver-record-us-trillion-stimulus/12533258?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE Go deeper on our ABC … Read more RBA lowers medium-term outlook and warns unemployment could stay high for years | Finance Report

Standard Life Aberdeen CEO Is Confident Even Amid Outflows

Aug.07 — Standard Life Aberdeen Chief Executive Officer Keith Skeoch says the asset manager has “very strong foundations” for future growth. He made the comments on “Bloomberg Markets: European Open” even after the Edinburgh-based firm saw assets under management and administration fall to 511.8 billion pounds ($672 billion) in the first half.

Uganda’s aggressive COVID win came at a cost

With its crumbling public hospitals, doctors’ strikes and corruption scandals, few would have predicted that Uganda would be a COVID-19 success story. But critics say the price may have been too high. Some pregnant women died in labor, unable to reach hospitals because of travel restrictions. Many jobs have been los and economic growth is … Read more Uganda’s aggressive COVID win came at a cost

Transparency concerns around Provincial Growth Fund ‘kind of justified’ – Paula Bennett

NZ First’s Shane Jones and National’s Paula Bennett joined Breakfast to discuss the Auditor-General’s remarks. Start your day the right way with a combination of news, sport and entertainment. Weekdays from 6am on TVNZ 1 Get more at: https://www.tvnz.co.nz/one-news On Demand – https://www.tvnz.co.nz/shows/breakfast Facebook – https://www.facebook.com/Breakfaston1 Instagram – https://www.instagram.com/breakfaston1